The American FNB Bitcoin finish a positive sequence of six weeks with an exit of $ 157 million – Details
The capital entries in the Bitcoin FNB of spots based in the United States (negotiated funds on the stock market) have slowed down in recent days, reflecting the decreasing moment in the cryptocurrency market at the moment. With the global trade tensions that have breathed in recent days, investors seem to approach the largest cryptography market in the world and other risk assets with a certain level of caution.
According to the latest market data, the FNB Spot Bitcoin experienced more than $ 157 million in total net outputs during the last week of negotiation. This last series of net capital withdrawals suggests an appetite for declining financial products linked to the crypto and the return of negative feeling among American investors.
The Ibit of Blackrock puts an end to the sequence of one month of positive entries
Friday, May 30, the funds negotiated in exchange Bitcoin recorded a total daily exit of $ 616.22 million. Sosovalue data Shows that the withdrawal of $ 616.22 on Friday marked the second consecutive day of the outings for the Bitcoin ETF based in the United States after seeing $ 358.65 million in fund funding on Thursday, May 29.
In the direction of the pack, BlackRock's Ibit (the largest BTC stock market fund by net assets) displayed a total daily net output of $ 430.82 million to close the week. This Friday's performance makes the longest entrance sequence to date (34 days of capital influx), although with three days of zero Netflow.
Meanwhile, Ark 21Shares Bitcoin ETF (with the Arkb Ticker) arrived second, with a daily cumulative outing of 120.14 million dollars on Friday. Bitwise Bitcoin ETF (BitB), Grayscale Bitcoin Mini Trust (BTC) and Fidelity Wise Origin Bitcoin Fund (FBTC) were the only other ETF Bitcoin based in the United States which recorded any activity during the day, recording $ 35.33 million, $ 16.22 million and $ 13.71 million respectively.
Source: SoSoValue
The performance of the funds negotiated on the stock market in the last two days of the week's negotiations have transformed the weekly ETF record in negative territory. As mentioned above, the American Bitcoin ETF market experienced more than $ 157 million in total net outings last week, ending a sequence of six weeks of afflux of positive capital (more than $ 9 billion in entries).
Bitcoin Price and ETF Spot
As the past shows, there is no doubt about the direct relationship between ETF Bitcoin Spot based in the United States and the price of the BTC. The capital flow of financial products slowed down while the first cryptocurrency was moving away from its recently acquired high price of $ 111,871.
To date, the BTC price amounts to around $ 104,424, reflecting an increase of 0.4% in the last 24 hours. According to Coingecko data, the flagship cryptocurrency has lost almost 3% of its value in the last seven days.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
Istock star image, tradingview graphic
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